Pediatric Medical Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Product (IVD Devices, Cardiology Devices, Anesthesia & Respiratory Care Devices, Neonatal ICU Devices, Monitoring Devices, Others), by End-User and by Geography.

Market Snapshot

pediatric medical devices growth rate
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 8.7 %

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Market Overview

The pediatric medical devices market is expected to grow with a CAGR of nearly 8.7% over the forecast period. The major factor attributed to the growth of the market is the increasing prevalence of chronic disease in the pediatric population like anemia, asthma, chickenpox, diphtheria, leukemia, measles, mumps, pneumonia, tuberculosis, whooping cough, Lyme disease. According to the report of UNICEF, pneumonia kills more children than any other infectious disease, taking the lives of over 800,000 children under five, every year. This incorporates over 153,000 newborns. Furthermore, the growing investments in research and development programs by the government to develop the medical infrastructure in the pediatric section is boosting the market growth. However, the lack of awareness of the pediatric medical devices available is the major drawback of market growth.

Scope of the Report

As per the scope of the report, pediatric medical devices are devices that are effective, safe, and designed for the specific needs of children. This report is segmented by Product, by End-User, and by Geography.

By Product
IVD Devices
Cardiology Devices
Anesthesia & Respiratory Care Devices
Neonatal ICU Devices
Monitoring Devices
By End-User
Diagnostic Laboratories
Pediatric Clinics
North America
United States
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Middle-East and Africa
South Africa
Rest of Middle-East and Africa
South America
Rest of South America

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Key Market Trends

Neonatal ICU Devices Holds the Largest Share and Anesthesia & Respiratory Care Devices is the Fastest Growing Segment in the Market

Children who need treatment in the NICU are often transferred there in 24 hours after birth because of problems during delivery, premature birth or health complications after birth. Preterm birth is when a baby is born too early before 37 weeks of pregnancy. According to the World Health Organization, in 2018, preterm birth affected 1 of every 10 infants born in the United States. Preterm birth babies are more susceptible to diseases like sepsis, pneumonia, etc.

Anesthesia and respiratory devices segment have the fastest growth due to its fairly high usage in pediatric patients, due to their effectiveness in treating diseases such as asthma. According to the Centers for Disease Control and Prevention (CDC), asthma is a chronic inflammatory disease that affects 4879 children below 14 years, in the United States only.

Antithrombin Market

North America Dominates the Market and Expected to do Same in the Forecast Period

North America is expected to dominate the overall market, throughout the forecast period. The market growth is due to the factors such as the presence of key players, high prevalence of pediatric chronic diseases in the region, established healthcare infrastructure. Furthermore, beneficial government initiatives and an increase in the number of research partnerships are some of the drivers expected to increase the market growth. In this region, the United States has the maximum share due to supportive healthcare policies, the high number of patients, and a developed healthcare market

Antithrombin Market

Competitive Landscape

The pediatric medical devices market is moderately competitive and consists of several major players. Some of the companies which are currently dominating the market are TSE MEDICAL, DAVID, Hamilton Medical, GE Healthcare, Fritz Stephan GmbH, Phoenix Medical Systems, Novonate Inc., Elektro Mag, Trimpeks, Atom Medical Corp.

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Prevalence of Infectious Diseases among the Pediatric Population

      2. 4.2.2 Development of Health Care Infrastructure for Pediatric Health Issues

    3. 4.3 Market Restraints

      1. 4.3.1 Challenges to Pediatric Device Development and Low Addressable Market

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry


    1. 5.1 By Product

      1. 5.1.1 IVD Devices

      2. 5.1.2 Cardiology Devices

      3. 5.1.3 Anesthesia & Respiratory Care Devices

      4. 5.1.4 Neonatal ICU Devices

      5. 5.1.5 Monitoring Devices

      6. 5.1.6 Others

    2. 5.2 By End-User

      1. 5.2.1 Hospitals

      2. 5.2.2 Diagnostic Laboratories

      3. 5.2.3 Pediatric Clinics

      4. 5.2.4 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. United States

        2. Canada

        3. Mexico

      2. 5.3.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. South Korea

        6. Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. GCC

        2. South Africa

        3. Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. Brazil

        2. Argentina

        3. Rest of South America


    1. 6.1 Company Profiles

      1. 6.1.1 TSE MEDICAL

      2. 6.1.2 Ningbo David Medical Device Co. Ltd

      3. 6.1.3 Hamilton Medical

      4. 6.1.4 GE Healthcare

      5. 6.1.5 Fritz Stephan GmbH

      6. 6.1.6 Phoenix Medical Systems Pvt Ltd

      7. 6.1.7 Novonate Inc.

      8. 6.1.8 Elektro-Mag

      9. 6.1.9 Trimpeks

      10. 6.1.10 Atom Medical Corporation

    2. *List Not Exhaustive

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Pediatric Medical Devices Market market is studied from 2018 - 2026.

The Pediatric Medical Devices Market is growing at a CAGR of 8.7% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

TSE MEDICAL, Hamilton Medical, GE Healthcare, Fritz Stephan GmbH, Ningbo David Medical Device Co. Ltd are the major companies operating in Pediatric Medical Devices Market.

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